adult financial capability and a working party with representation from a wide range of organisations was convened to consult and advise on its development. The result, the Adult Financial Capability Framework, is a document which covers a broad range of money management and consumer issues. It is for all those involved in financial capability. This current version is an update of the original framework taking into account how the world of finance and financial education changes over time. The framework is for all those involved in financial capability education including money advisers, teachers, trainers and helpers interested in improving financial capability skills, knowledge and.
capability. The result,the Adult Financial Capability Framework, launched for the first time in 2003,is a document which covers a broad range of money management and consumer issues.This current version is an update of the original framework taking into account how the world of finance and financial education changes over time. Adult Financial Capability Framework. A resource to help you identify and understand the needs of learners and to plan your work with them. It sets out the required skills, knowledge and understanding at three distinct levels in an easily accessible way.
Financial Capability Framework(including consumer protection) Financial Education, Literacy, Regulatory Framework, Supervision, Capable and protected financial consumers contribute to stability, inclusion, and efficiency Financial Products that fit consumer Financial Capability Consumer Protection Financial Industry standards, codes. How is Adult Financial Capability Framework (financial education) abbreviated? AFCaF stands for Adult Financial Capability Framework (financial education). AFCaF is defined as Adult Financial Capability Framework (financial education) very rarely.
The financial capability definition is a measure of how pragmatic an individual is and how effectively they have translated the information learned in the classroom to their real lives. Financial capability is a key goal that government agencies and financial education providers have for their program participants. The Financial Services Authority (FSA) and Basic Skills Agency (now the National Institute of Adult Continuing Education – Niace) have collaborated to produce the Adult Financial Capability Framework (latest version published in 2006). The Framework breaks financial capability into three interrelated areas, each with three underlying components.
The aim of this guidance is to help advisers to identify where the financial capability interventions that they make with clients using the Citizens Advice resource library are mapped to the Adult Financial Capability Framework. Adults outcomes framework. The adult outcomes framework describes the key elements of financial capability for people from 18 years old through to later life. We have also published a framework of outcomes that are solely, or particularly, relevant to people in retirement which you may choose to use if you are working primarily with older people.